🚀 How to Source and Sell Profitable Products on Amazon in 2023
Are you looking to start a successful Amazon business but don't know where to start? The key to success is sourcing and selling the right products. In this article, we'll show you exactly how to do that in 2023. Our goal is to find brand name products at the lowest price possible and sell them on Amazon to make the most profit possible. We'll cover everything from product research to brand research and finding distributors. So, let's get started!
🕵️♀️ Product Research in 2023: What Works and What Doesn't
The first step in sourcing profitable products is product research. In 2023, we're looking for products that sell month in and month out, no matter what time of the year it is. We want a consistent business that we know is going to perform every month. Think about basic things that people need every month like batteries, groceries, coffee mix, and skincare products. These products sell regardless of what trend is going on because people need to take care of themselves, eat their food, and clean their house. Products like these don't have any slumps in sales or spikes in sales throughout the years.
📈 Identifying High Demand Products
Now that we know what kind of products we're looking for, it's time to identify high demand products. We'll show you how to do this through manual research. We'll brainstorm about brands that we find in our house that could potentially be selling very well. For example, let's look at the brand Coffee Mate. We know that it's a brand that we see in offices all the time. Let's see if it's on Amazon and what opportunity is there.
We use the software DS Quick View to check the sales rank of all the categories and also how many FBA sellers are on the listings. We want to avoid the ones that are just sold by Amazon. We're looking for listings with a great sales rank, consistent sales, and consistent pricing. We found a great listing with a sales rank of 5,000 and 1,000 monthly sales. The Keepa graph is looking very consistent, which means the price is consistent in the past 3 months and the sales rank is also very consistent. This is exactly what we're looking for in a product that sells month in and month out.
🏭 Brand Research
Now that we've identified a high demand product, it's time to do brand research. We want to find more products of that brand that we could potentially be selling on Amazon. We found a few more listings that are pretty good, but we want to go deeper. We're going to look for more brands that are in our house, like Dove soap, Method body wash, and Clorox. We'll go on Amazon, find those brands, and look through the listings to see how good they are. Then, we'll contact the brand and ask them for the direct distributors. We'll also source on Google and see what distributors we can find there.
💰 Finding Distributors
Our goal is to find distributors that can sell us these products in bulk. We'll contact the brand and ask them for the direct distributors. We'll also source on Google and see what distributors we can find there. We'll call the distributors and let them know that we're interested in buying these products in bulk.
🎉 Conclusion
By following these steps, you can source and sell profitable products on Amazon in 2023. Remember to focus on products that sell month in and month out, do manual research to identify high demand products, and find distributors that can sell you these products in bulk. Stay tuned for more videos on other methods for sourcing profitable products.
Pros
- Consistent sales month in and month out
- High demand products
- Potential for high profits
Cons
- Requires manual research and effort
- Finding distributors can be time-consuming
🌟 Highlights
- Product research is key to finding profitable products
- Look for products that sell month in and month out
- Identify high demand products through manual research
- Find distributors that can sell you these products in bulk
🤔 FAQ
Q: What kind of products should I focus on when sourcing for Amazon?
A: Focus on products that sell month in and month out, like batteries, groceries, coffee mix, and skincare products.
Q: How do I identify high demand products?
A: Use manual research to brainstorm about brands that could potentially be selling very well. Look for listings with a great sales rank, consistent sales, and consistent pricing.
Q: How do I find distributors for these products?
A: Contact the brand and ask them for the direct distributors. Source on Google and see what distributors you can find there. Call the distributors and let them know that you're interested in buying these products in bulk.
Resources:
- DS Quick View: https://www.dsquickview.com/
- Coffee Mate: https://www.coffeemate.com/
- Dove: https://www.dove.com/
- Method: https://methodhome.com/
- Clorox: https://www.clorox.com/
